Swiss High-Tech Firms Announce Landmark Merger to Create Global Software & Professional Services Enterprise

Swiss High-Tech Firms Announce Landmark Merger to Create Global Software & Professional Services Enterprise

September 12, 2007

    ZURICH, Switzerland, Sept. 12 /Xinhua-PRNewswire/ --
Cognosense and Boxalino, two Swiss technology companies,
have today announced plans to merge their operations as
part of an agreement that will see the newly created
corporation become a leading global software and
professional services provider.

    The new corporation will retain the Boxalino name and
will continue to be headquartered in Zurich (Switzerland)
and will have subsidiaries in Beijing (China), and in
Montreal (Canada). Mr. Erick Caron, CEO and Delegate of the
Board for Cognosense will continue in the same capacity with
the newly merged
Boxalino.

    The merger will position Boxalino as an innovative
provider of advanced software development tools and
technologies in the fields of intelligent search, customer
care, personalization and profiling. These technologies
will create a new standard of reliable, integrated
self-learning services devoted to enhancing a corporation's
customer experience. Boxalino will improve the profitability
of both online and brick-and-mortar industry verticals like
call-centers, E-Commerce portals and various other retail
trade industries while exceeding their customer
expectations.

    "We want to offer an enhanced return on investment
to our customer by improving both their e-business
development processes and the user experience on their
applications. The newly merged company will operate in an
improved financial and technical environment to better
serve our customers, which will accelerate our growth on a
worldwide base. Our integrated worldwide presence will
allow us to put in place an aggressive global go-to-market
strategy," says Erik Caron, CEO, Delegate and
Vice-Chairman of the Board of Directors.

    New Boxalino executive team:

    - Dr. Christian Wenger has been nominated as the
Chairman of the new
company. Dr. Wenger was admitted to the bar in 1993 and is
partner of the
Swiss law firm Wenger & Vieli. Dr. Wenger is also
Chairman of the CTI Invest,
a member of the Executive Committees of the SECA (Swiss
Venture Capital and
Corporate Finance Association) and the EVCA (European
Venture Capital
Association)

    - Mr. Erick Caron, currently the CEO of Cognosense,
will serve as CEO,
Delegate and Vice-Chairman of the Board of Directors.

    - Mr. Michael Ammann, originally the founder of
Boxalino, will take up
the position of Chief Technology Officer.

    - Mr. Sylvain Paillard, who was one of the co-founders
of Cognosense,
will become Executive Vice-President.


    Contact:

    Erick Caron
    Boxalino
    Chief Executive Officer
    E-Mail: [e-mail]
    Mobile: [phone]